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8 Hastings Bus. L.J. [i] (2012)

handle is hein.journals/hbuslj8 and id is 1 raw text is: HASTINGS BUSINESS LAW JOURNAL VOL. 8 WINTER 2012 No. 1 Table of Contents ARTICLES SCRATCH MY BACK, AND I'LL SCRATCH YOURS: SCRATCHING THE SURFACE OF THE DUTY OF CARE IN CROSS SECTOR COLLABORATIONS - ARE FOR-PROFITS OBLIGATED TO ENSURE THE SUSTAINABILITY OF THEIR PARTNER NONPROFITS? Christyne J Vachon, Esq............... ................. I Nonprofits and For-profit corporations increasingly interact with each other to gain the mutual benefits of cross sector Collaborations. Nonprofits gain access to resources, expertise, and new business avenues, among other benefits. For-profits gain good will, trust, and access to new markets. The Collaboration can lead to corporate governance issues that should not be overlooked during management decision making. The article evaluates a Continuum of engagement in the For-profit and Nonprofit Collaboration that informs the requisite duty of care for the entities' boards of directors. Ultimately, the duty of care owed by the For-profit to the Nonprofit depends on where the Collaboration lies on the Continuum.

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